Piens Import & Distribution Group: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
Piens Import & Distribution Group
NACE 46.180, Agents specialised in the wholesale of other particular products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€182,249
2024 · -€26,468+€208,717
Equity
-€2.1m
2024 · -€2.3m+€182,249
Cash
€1,253
2024 · €3,261-€2,007
Balance sheet total
€488,218
2024 · €490,084-€1,866
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward +€182,249
up €182,249 (+4.7%), from -€3.8m to -€3.7m
- Other debts -€161,619
down €161,619 (-6.3%), from €2.6m to €2.4m
- Debts after one year -€15,000
down €15,000 (-7.1%), from €211,250 to €196,250
Income statement
- Gross operating margin +€207,151
up €207,151, from -€10,118 to €197,033
- Taxes -€8,811
down €8,811, from €4,405 to -€4,405
- Write-downs +€6,134
up €6,134 (+85.8%), from -€7,153 to -€1,019
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€26,468
Gross operating margin
+€207,151
Staff costs
-€1,137
Depreciation
-€407
Write-downs
-€6,134
Other operating charges
-€142
Other operating items
+€303
Financial income
+€52
Financial charges
+€221
Taxes
+€8,811
Result 2025
€182,249
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€20,197
Investment
-€7,204
Financing
-€15,000
Cash 2024
€3,261
From operations (derived)
+€20,197
Net result for the year
+€182,249
Depreciation
+€7,291
Stocks and contracts
+€255
Receivables within one year
+€1,090
Deferred charges and accrued income
-€1,572
Trade debts
-€3,174
Tax, wage and social debts
+€2,271
Advances received
-€3,343
Other debts
-€161,619
Accrued charges and deferred income
-€3,250
Investment (derived)
-€7,204
Investment in fixed assets (net)
-€7,204
Financing
-€15,000
Debts after one year
-€15,000
Cash 2025
€1,253
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €490,084 | €488,218 | -€1,866 | -0.4% |
| Fixed assets | 21/28 | €376,860 | €376,773 | -€87 | 0.0% |
| Tangible fixed assets | 22/27 | €376,860 | €376,773 | -€87 | 0.0% |
| Land and buildings | 22 | €376,860 | €375,265 | -€1,595 | -0.4% |
| Plant, machinery and equipment | 23 | - | €1,508 | +€1,508 | |
| Current assets | 29/58 | €113,224 | €111,445 | -€1,779 | -1.6% |
| Stocks and contracts in progress | 3 | €101,977 | €101,722 | -€255 | -0.2% |
| Stocks | 30/36 | €101,977 | €101,722 | -€255 | -0.2% |
| Amounts receivable within one year | 40/41 | €7,711 | €6,621 | -€1,090 | -14.1% |
| Trade receivables | 40 | €2,919 | €0 | -€2,919 | -100% |
| Other amounts receivable | 41 | €4,791 | €6,621 | +€1,830 | +38.2% |
| Cash at bank and in hand | 54/58 | €3,261 | €1,253 | -€2,007 | -61.6% |
| Deferred charges and accrued income | 490/1 | €276 | €1,849 | +€1,572 | +569% |
| Total equity and liabilities | 10/49 | €490,084 | €488,218 | -€1,866 | -0.4% |
| Equity | 10/15 | -€2,304,775 | -€2,122,526 | +€182,249 | +7.9% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,345,000 | €1,345,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,325,000 | €1,325,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,849,775 | -€3,667,526 | +€182,249 | +4.7% |
| Amounts payable | 17/49 | €2,794,859 | €2,610,744 | -€184,115 | -6.6% |
| Amounts payable after more than one year | 17 | €211,250 | €196,250 | -€15,000 | -7.1% |
| Financial debts | 170/4 | €211,250 | €196,250 | -€15,000 | -7.1% |
| Amounts payable within one year | 42/48 | €2,580,359 | €2,414,494 | -€165,865 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €5,120 | €1,946 | -€3,174 | -62.0% |
| Suppliers | 440/4 | €5,120 | €1,946 | -€3,174 | -62.0% |
| Advances received on contracts in progress | 46 | €3,343 | €0 | -€3,343 | -100% |
| Taxes, remuneration and social security | 45 | €1,246 | €3,517 | +€2,271 | +182% |
| Taxes | 450/3 | €103 | €1,546 | +€1,443 | +1,403% |
| Remuneration and social security | 454/9 | €1,143 | €1,971 | +€828 | +72.4% |
| Other amounts payable | 47/48 | €2,555,651 | €2,394,032 | -€161,619 | -6.3% |
| Accrued charges and deferred income | 492/3 | €3,250 | €0 | -€3,250 | -100% |
| Non-recurring operating income | 76A | €288 | €0 | -€288 | -100% |
| Remuneration, social security and pensions | 62 | €4,736 | €5,873 | +€1,137 | +24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,884 | €7,291 | +€407 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€7,153 | -€1,019 | +€6,134 | +85.8% |
| Other operating charges | 640/8 | €2,048 | €2,190 | +€142 | +6.9% |
| Non-recurring operating charges | 66A | €303 | €0 | -€303 | -100% |
| Gross operating margin | 9900 | -€10,118 | €197,033 | +€207,151 | |
| Operating profit (loss) | 9901 | -€16,935 | €182,698 | +€199,633 | |
| Financial income | 75/76B | €0 | €52 | +€52 | +10,987% |
| Recurring financial income | 75 | €0 | €52 | +€52 | +10,987% |
| Financial charges | 65/66B | €5,128 | €4,907 | -€221 | -4.3% |
| Recurring financial charges | 65 | €5,128 | €4,907 | -€221 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,063 | €177,843 | +€199,906 | |
| Income taxes | 67/77 | €4,405 | -€4,405 | -€8,811 | |
| Profit (loss) for the period | 9904 | -€26,468 | €182,249 | +€208,717 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,468 | €182,249 | +€208,717 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.